Privately-held Businesses

Attract and Retain Key Employees — Without Giving Up Equity

Retaining key people through meaningful incentives can be challenging, especially if you are not willing or able to part with equity. With our nonqualified deferred compensation programs, you can:

  • Provide future non-equity compensation to the most important people on your team.
  • Base achievement of the benefits upon completion of agreed-upon performance milestones.
  • Increase the value of your business by increasing retention of your most valuable employees.
CASE STUDY

Retaining key people who are not family members.

A thriving family-owned lettuce producer employed a non-family member CFO and several top sales people .
CASE STUDY

Retire on your terms while rewarding and retaining key people.

Two brothers in their late 50s owned a thriving development business but weren’t sure as to the exit strategy.

Protect Your Business with Key-Person Life Insurance

If you, a co-owner, or a key employee retires, passes away, or becomes disabled, the financial impact to your business, the surviving owners, and the employees could be significant. We can help you gain peace of mind by designing, implementing, and funding a custom program that will protect your business against this financial risk, and help preserve the business for the next generation.

CASE STUDY

Creating liquidity to perpetuate the family business.

The owners of a successful, second-generation, nut-producing business were worried about the future of their company and their ability to retire.
CASE STUDY

Retiring and perpetuating the business to key employees.

A contractor was reaching the twilight of his career and wanted to explore selling his company to his key employees within a seven-to-ten year period.

Coordinate Business Succession and Estate Planning

Having your estate plan in order is not only critical to ensuring your wishes are met after you’re gone but also to preserving peace and harmony among your heirs. If your business interests account for a sizable portion of your wealth, then it is even more important for you to coordinate your business succession plan with your estate plan. Without this coordination, the competing interests of the business, its remaining owners and employees, your family members, and the I.R.S. will likely lead to a result you did not anticipate or desire.

CASE STUDY

Using financed life insurance to protect a family-owned dairy farm.

A dairy producer is owned by several members of the same family. The business has grown large enough to trigger a substantial Federal estate..
CASE STUDY

Perpetuating the business while treating children fairly.

A couple in Chicago was concerned about the perpetuation of their commercial real estate business they spent so much time...

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What Our Clients Are Saying

“Our family is fortunate to own and operate a network of car wash and auto care facilities throughout the northeast. Protecting our wealth for our children and grandchildren, of whom there are many, is paramount. We now have two generations of our family taking advantage of the expertise that David Jacobs and his team at Grant Hinkle & Jacobs provide. Even though the firm is headquartered on the west coast, we have found them easy to communicate and do business with. I am enjoying the peace of mind that comes with knowing that my family is protected. Thank you, Grant Hinkle & Jacobs.”

– Dick Baright, Owner, SoakerSuds Car Care Centers, Tivoli, NY

“For five generations, my family has invested in real estate in Southern California and throughout the southwest. Beginning in 2004, Cory Grant has helped design a succession plan and put together a portfolio of life insurance that will ensure that no one has to make an untimely sale of assets. There are members of the family with significant health issues and Cory’s ability to negotiate directly with the carriers at a high level was crucial in obtaining best pricing and keeping the insurance portfolio current. It is unique to find an advisor that thinks like an entrepreneur.”

– Terry Lingenfelder, Solana Beach, CA

“Being in a service-oriented industry for over 40 years, I demand integrity, honesty, and a high level of expertise from my professional advisors. The team at Grant Hinkle & Jacobs, especially David, Scott and their staff, exceeded these expectations. As the owner of a family business and in a second marriage, my situation is not straightforward. They worked directly with me, my attorney and my accountant to customize and implement an intuitive wealth transfer and life insurance plan that fit perfectly with my goals and objectives. I recommend Grant Hinkle & Jacobs to anyone who wants to work with top-notch professionals in their field who always have their clients’ best interests at heart.”

– Mark Chapparone, Owner, Chapparone Auto Body, San Diego, CA

“I own a specialty electric business that caters to naval and maritime clientele. My unexpended demise would devastate the value of my company and prevent my family from reaping the benefits of my decades of hard work and sacrifice. At the suggestion of both my lawyer and my business consultant, David Jacobs of Grant Hinkle & Jacobs worked with me and my team of advisors to design and place the life insurance policy that has become a critical part of my overall business succession and estate plan. We still meet regularly to gauge my policy’s performance and make necessary changes. Grant Hinkle & Jacobs is the firm to work with for life insurance.”

– Bill Potter, Owner, Potter Electric, National City, CA

Learn More About Our Services for Privately-Held Businesses